BTC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!
Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Bitcoin fell 3.3% to 34,195 amid a light trading volume of 20.79 billion over the last 24 hours. The relative strength index (RSI) reading of 70 indicates bitcoin is approaching overbought levels, while the Stochastic oscillator of 86 suggests the crypto may be due for some more pullback.
The commodity channel index (CCI) of 60 reflects that BTC is still trading within the upper half of its recent price range. The ten-day simple moving average (SMA) of 34,494 represents near-term resistance, while the longer-term 50-day and 100-day SMAs of 29,072 and 28,261 signal ongoing positive momentum.
the RSI’s descent towards a bearish divergence, coupled with the absence of any forthcoming spot bitcoin exchange-traded fund (ETF) announcements, hints that a downward price correction could be on the horizon. Should this occur, the 33,000 and 32,500 levels are likely to emerge as critical support thresholds to keep an eye on.
I have tried to bring the best possible results in this chart.
If you like it, hit the like button and share your charts in the comments section.
Thank you.
Chart Analysis:- Bitcoin fell 3.3% to 34,195 amid a light trading volume of 20.79 billion over the last 24 hours. The relative strength index (RSI) reading of 70 indicates bitcoin is approaching overbought levels, while the Stochastic oscillator of 86 suggests the crypto may be due for some more pullback.
The commodity channel index (CCI) of 60 reflects that BTC is still trading within the upper half of its recent price range. The ten-day simple moving average (SMA) of 34,494 represents near-term resistance, while the longer-term 50-day and 100-day SMAs of 29,072 and 28,261 signal ongoing positive momentum.
the RSI’s descent towards a bearish divergence, coupled with the absence of any forthcoming spot bitcoin exchange-traded fund (ETF) announcements, hints that a downward price correction could be on the horizon. Should this occur, the 33,000 and 32,500 levels are likely to emerge as critical support thresholds to keep an eye on.
I have tried to bring the best possible results in this chart.
If you like it, hit the like button and share your charts in the comments section.
Thank you.
관련 발행물
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.